Features and benefits of our home loan

Features and benefits of our home loan 00:36 ‌

How to apply for our home loan

Follow these simple steps to apply for a home loan on our app or website

  • Loan amount of Rs. 15 crore*

    Loan amount of Rs. 15 crore*

    Owing a home is a lifelong dream. With our sizeable loan amount of up to Rs. 15 crore* to fulfil your aspiration sooner than later.

  • Low interest rates

    Low interest rates

    Self-employed doctors can avail of the loan at interest rates starting at 7.60%* p.a and monthly instalments as low as Rs. 746/lakh*..

  • Approval in 48 Hours*

    Approval in 48 Hours*

    Your loan application will be approved within 48 Hours* of your application, in some cases, even earlier.

  • Tenure of up to 25 years*

    Tenure of up to 25 years*

    Repay your loan comfortably with our long payback tenure ranging up to 25 years*.

  • No foreclosure fee for individuals

    No foreclosure fee for individuals

    Individual borrowers who choose a floating interest rate can foreclose the entire loan or prepay a part of the loan without paying an additional fee.

  • Hassle-free application

    Hassle-free application

    Our doorstep document pick-up service helps to skip numerous branch visits and enables an easy application process.

  • 5000+ approved projects

    5000+ approved projects

    We have partnered with 5,000+ approved projects to make the home selection process easier. You can choose a pre-approved project to avail of a quick loan.

  • Balance Transfer facility

    Balance Transfer facility

    Benefit from our home loan balance transfer facility and avail of a top-up loan of up to Rs. 1 crore* or higher*.

  • Externally benchmarked interest rates

    Externally benchmarked interest rates

    You have the option to link your interest rate to an external benchmark such as the Repo Rate. This helps you benefit during favourable market trends.

  • *Terms and conditions apply

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Eligibility criteria and documents required

Anyone can apply for our home loan as long as they meet the criteria mentioned below.

Eligibility criteria

  • Nationality:
    You must be an Indian citizen residing in India.
  • Age:
    A self-employed doctor must be between 23 years to 70 years
    *The upper age limit is considered as the age at the time of loan maturity.
  • CIBIL Score:
    A CIBIL Score of 725 or higher is ideal to get a home loan.
  • Employment status:
    As a self-employed doctor, you must hold an MBBS or subsequent higher degree. You should also have a business continuity of over 5 years in your current practice.

Documents required:

  • KYC documents (identity and address proof)
  • Proof of income (P&L statement)
  • Proof of medical practice existence, and
  • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

How to apply for a home loan

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A step-by-step guide to applying for a home loan

  1. Click on the 'APPLY' button on this page.
  2. Enter your full name, mobile number, and pin code, and choose ‘Self-employed Doctor’ as the employment type.
  3. Now select the type of loan you wish to apply for.
  4. Generate and submit your OTP to verify your phone number.
  5. Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
  6. In the next step, enter your PAN number and any other details as requested depending on your selected occupation type.
  7. Click on the ‘SUBMIT’ button.

That is it! Your application is submitted. Our representative will connect with you to guide you through the next steps.

  • Did you know?

    You can avail of tax benefits on your home loan that can help you save on taxes.

  • Did you know?

    You can transfer your home loan to us and get additional benefit of top-up loan.

  • Did you know?

    You can calculate your home loan EMIs using our EMI calculator.

  • Did you know?

    A higher CIBIL Score will help you get better home loan interest rate.

Applicable fees and charges

We advise you to read about our fees and charges thoroughly before applying.

Type of fee

Applicable charges

Rate of interest

7.60%* to 17.00%* p.a

Processing fees

Up to 4% of the loan amount + GST as applicable

Bounce charges

For loan amounts up to Rs. 15 lakhs: Rs. 500

For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 500

For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,000

For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 1,000

For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000

For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 3,000

For loan amounts more than Rs. 10 crores: Rs. 10,000.

Penal charge

Click here to know about the penal charges.

Interest and principal statement charges

NIL

Part-prepayment charges

(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:

  • For Term Loan – Nil
  • For Flexi Term Loan – Nil

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:

  • For Term Loan – 2% on the part-prepayment amount.
  • Flexi Term Loan - Nil

*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.

**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.

Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.

Foreclosure charges

(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:

  • For Term Loan – Nil
  • For Flexi Term Loan – Nil

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:

  • For Term Loan – 4%* on principal outstanding
  • For Flexi Term Loan – 4%* on the sanctioned amount during the Flexi interest only loan repayment tenure; and 4%* on the available Flexi loan limit during the Flexi Term Loan tenure

*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.

**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.

Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.

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Frequently asked questions

What is a home loan?

A home loan is a credit borrowed from a financial institution to buy a home. The loan is given at an interest rate depending on your profile. While taking the loan, you choose a repayment period to pay back the amount (principal) and interest in equated monthly instalments (EMIs). You can either choose a fixed interest rate or a floating interest rate.

What is the maximum home loan that I can get?

You can easily get a home loan of up to Rs. 15 crore* from Bajaj Finserv if you meet our eligibility criteria. The sanctioned loan amount depends upon essential factors like your age, income profile, CIBIL Score, and some other criteria.

What documents do salaried individuals require for a home loan application?

Salaried professionals applying for a fresh home loan with Bajaj Finserv, must have the listed documents:

  • KYC documents (identity and address proof)
  • Proof of income (6 months’ salary slips)
  • Last 6 months' account statements
What documents do self-employed doctors require for a home loan application?

Self-employed doctors applying for a fresh home loan with Bajaj Finserv must have the listed documents:

  • KYC documents (identity and address proof)
  • Proof of income (P&L statement)
  • Proof of medical practice existence, and
  • Account statements for the last 6 months
How long does it take to get a home loan sanction from Bajaj Finserv?

Once you have submitted all the essential documents, the loan will be approved within 48 Hours*. In some cases, it can get sanctioned even earlier.

* Terms and conditions apply

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